In a competitive market,
A. Neither buyers nor sellers have market power.
B. Buyers and sellers both have market power.
C. Sellers don't have market power but buyers do.
D. Buyers don't have market power but sellers do.
Answer: A
Economics
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You put money into an account that earns an 8 percent nominal interest rate. The inflation rate is 5 percent, and your marginal tax rate is 10 percent. What is your after-tax real rate of interest?
a. 2.2 percent b. 2.7 percent c. 11.7 percent d. 7.7 percent
Economics
In the graph shown above at a price of $4.50
A. there is a shortage.
B. there is a surplus.
C. there is a both a shortage and a surplus.
D. there is neither a shortage nor a surplus.
Economics